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Better Business Forum’s Recommendations

CA gives ministries 2-month deadline

UNB, Dhaka
Chief Adviser Fakhruddin Ahmed has directed the ministries and departments concerned to implement the Bangladesh Better Business Forum's (BBBF) recommendations, which are under implementation process, in next two months to attain desired dynamism in trade and economy.
The head of the caretaker government, also chairperson of the BBBF, a high-profile body of government-private sector partnership formed last year, gave the directive while chairing a meeting of the forum at his office yesterday
On progress in implementation of the decisions taken at the previous meeting held on April 23, yesterday's meeting, the forum's fourth since its inception, was informed that six decisions regarding matters of immediate action have been implemented while 28 decisions out of 56 for short- term action also implemented so far.
The remaining 28 decisions are lying under implementation by various ministries and departments.
The CA expressed satisfaction over the progress in implementation of the decisions and activities of the top-level business forum.
The co-chairpersons of five thematic working groups--Business Funding, Infrastructure, Macroeconomic Policy, Business Start, and Operation and Work Efficiency-presented their recommendations and progress report on implementation at the meeting.
The chief adviser said, “The public-private partnerihip is a continuous process and it will have to be given a permanent institutional shape in the future which will work for overall development of trade and commerce and the country through cooperation under public-private partnership."
He said the BBBF secretariat will monitor whether results of the implemented decisions are yielding positive impacts.
The working groups will identify the problems and place clear and specific recommendations for solution before the forum for its consideration.
Finance Adviser Mirza Azizul Islam, Special Assistant to the Chief Adviser for Power and Energy and Mineral Resources M Tamim, co-chairpersons of the five working groups and other BBBF members were present at the meeting.
In its last meeting, the BBBF had discussed over 100 recommendations. which were categorised for their quick, efficient and effective implementation in specific time.
They were categorised mainly in three groups— matter for immediate action which would be implemented immediately, matters for short-term action which would be implemented within one to two months and matters for midterm action to be implemented within four to six months.
Management and financing of small and medium enterprise (SME) for its overall development and development of ICT sector were prioritised for immediate action.
Recommendations covered in short-term action group include expansion of tax holiday, tax facility, simplification of company registration, trade licence, VAT and environment certificates, bank interest reduction, and development of work efficiency.